The stock of WPX Energy Inc (NYSE:WPX) is a huge mover today! The stock increased 11.93% or $1.26 during the last trading session, hitting $11.82. About 18.27 million shares traded hands or 122.26% up from the average. WPX Energy Inc (NYSE:WPX) has risen 59.52% since April 1, 2016 and is uptrending. It has outperformed by 58.30% the S&P500.
The move comes after 8 months positive chart setup for the $4.07B company. It was reported on Nov, 3 by Barchart.com. We have $15.96 PT which if reached, will make NYSE:WPX worth $1.42 billion more.
WPX Energy Inc (NYSE:WPX) Ratings Coverage
Out of 21 analysts covering WPX Energy (NYSE:WPX), 14 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 67% are positive. WPX Energy has been the topic of 57 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Imperial Capital maintained WPX Energy Inc (NYSE:WPX) rating on Thursday, June 23. Imperial Capital has “Outperform” rating and $13 price target. Barclays Capital maintained WPX Energy Inc (NYSE:WPX) rating on Thursday, September 1. Barclays Capital has “Underweight” rating and $9 price target. Robert W. Baird upgraded WPX Energy Inc (NYSE:WPX) rating on Thursday, July 21. Robert W. Baird has “Outperform” rating and $12 price target. The stock of WPX Energy Inc (NYSE:WPX) has “Buy” rating given on Tuesday, December 15 by Suntrust Robinson. As per Wednesday, August 19, the company rating was maintained by Oppenheimer. The rating was maintained by Deutsche Bank with “Hold” on Tuesday, June 14. The stock of WPX Energy Inc (NYSE:WPX) has “Positive” rating given on Friday, October 30 by Susquehanna. The firm has “Overweight” rating by JP Morgan given on Tuesday, March 15. The company was initiated on Wednesday, October 14 by Imperial Capital. The rating was maintained by Wunderlich on Monday, October 3 with “Buy”.
According to Zacks Investment Research, “WPX Energy, Inc. is a natural gas and oil company focused on the exploitation and development of unconventional properties. The Company has oil and gas properties particularly in the Piceance Basin, Bakken Shale and Marcellus Shale. WPX Energy, Inc. is based in Tulsa, Oklahoma.”
Insitutional Activity: The institutional sentiment increased to 1.5 in 2016 Q2. Its up 0.49, from 1.01 in 2016Q1. The ratio improved, as 41 funds sold all WPX Energy Inc shares owned while 70 reduced positions. 62 funds bought stakes while 105 increased positions. They now own 315.94 million shares or 22.60% more from 257.71 million shares in 2016Q1.
Moreover, Ontario Teachers Pension Plan Board has 0% invested in WPX Energy Inc (NYSE:WPX) for 10,750 shares. Moreover, Canal Insurance has 0.39% invested in WPX Energy Inc (NYSE:WPX) for 128,500 shares. Cutter Brokerage accumulated 0.36% or 90,119 shares. Hsbc Public Limited holds 0% or 46,606 shares in its portfolio. The North Carolina-based Comml Bank Of America Corporation De has invested 0% in WPX Energy Inc (NYSE:WPX). Susquehanna Int Group Inc Llp has invested 0% of its portfolio in WPX Energy Inc (NYSE:WPX). Ubs Asset Americas accumulated 344,360 shares or 0% of the stock. Nomura Asset Mgmt Company Limited last reported 0% of its portfolio in the stock. Invesco Limited last reported 1.19M shares in the company. Trexquant Inv L P holds 0.27% or 217,637 shares in its portfolio. Henderson Group Public Limited Com reported 416,648 shares or 0.03% of all its holdings. California State Teachers Retirement Systems last reported 600,634 shares in the company. Moreover, Metropolitan Life Ins Ny has 0.02% invested in WPX Energy Inc (NYSE:WPX) for 260,372 shares. Verition Fund Limited Co reported 14,808 shares or 0.02% of all its holdings. Geode Mngmt Ltd Liability Company, a Massachusetts-based fund reported 1.90 million shares.
Insider Transactions: Since June 6, 2016, the stock had 2 buys, and 1 sale for $248,510 net activity. $98,000 worth of WPX Energy Inc (NYSE:WPX) was bought by LOWRIE WILLIAM G. 20,400 shares were bought by Muncrief Richard E, worth $199,920. Another trade for 5,000 shares valued at $49,410 was sold by FAULKNER STEPHEN L JR.
Another recent and important WPX Energy Inc (NYSE:WPX) news was published by Nasdaq.com which published an article titled: “WPX Energy (WPX): What’s in Store this Earnings Season?” on November 01, 2016.
WPX Company Profile
WPX Energy, Inc., incorporated on April 19, 2011, is an independent oil and natural gas exploration and production company. The Firm is engaged in the exploitation and development of long-life unconventional properties. The Company’s segment is the domestic development, production and gas management activities of oil, natural gas and natural gas liquids (NGLs). The Firm is focused on exploiting and developing its oil positions in the Williston Basin in North Dakota, and the Permian and San Juan Basins in the southwestern United States. The Firm operates approximately 700 wells in the Permian Basin and also owns interests in over 960 wells operated by others. The Firm holds approximately 94,000 net acres in the Permian Basin, and specifically in the Delaware Basin sub-area, with core activities located in Eddy, Lea and Chaves Counties in New Mexico and Loving, Pecos, Reeves, Ward and Winkler Counties in Texas.
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